This could be a busy year for Battle Mountain Gold (NYSE). Along with plans to increase production at existing operations around the world, the company will continue to work several exploration projects.
Among the goals for the year is a 16% increase in gold production to 565,000 oz. This will be achieved, in part, by expanding the Kori Kollo mine in Bolivia. The operation already accounts for a large portion of the company’s gold production, and this is expected to increase to 295,000 oz. Closer to home, at the Battle Mountain complex in Nevada, production is expected to surpass last year’s total. The target for 1995 is 78,000 oz. gold, most of which will come from the Reona project. The company hopes the feasibility study for the proposed Phoenix milling project, also at the complex, will be reviewed favorably. The resultant increase in milling capacity would allow for the production of 120,000 oz. gold per year. Increased production and dropping costs are forecast for the San Luis mine in Colorado.
At the Crown Jewel gold project in Washington state, the draft environmental impact statement remains targeted for release in mid-March.
On the exploration front, activity continues in the U.S., Mexico, Central and South America, Indonesia and China.
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